"With the current state of the market, people tend to resort to the price valuation of crypto as a gauge of how blockchain is doing. However, this past year featured more adoption across a variety of industries, including supply chain management, economics, and energy resources. Remaining optimistic about the state of blockchain will only help this revolutionary technology flourish."
People are definitely too focused on the price and they are losing confidence in the technology, when the technology is still rock solid and the adoption is growing day by day.
I don't quite agree with your view
Or with the view expressed in the article (you choose which). More specifically, I can't agree with the part about "people too focused on the price and losing confidence in the technology". If the technology helps you in a major way, do you actually need to have confidence in it or care about what today's price is?
You just use it without thinking too much about it, whether you have confidence or not. In other words, if it is something worthy, you don't have to care about having to believe in it. That confidence will come about naturally from its usefulness or utility as a side effect. Otherwise, it may not be as useful as marketers claim